Multiple Choice
Scientific attempts to describe economic relationships are :
A) factual and can never be wrong
B) accurate ways to predict political viewpoints
C) known as positive economics
D) directed at the fairness of social programs
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Macroeconomicsis primarily concerned with aggregates. Which of
Q9: is a term referring to an intellectual
Q10: introduced the concept of welfare in the
Q11: Division of Labour is limited by the
Q12: Economic efficiency for the entire economy requires
Q13: Milton Friedman restated the :<br>A)labour theory<br>B)profit theory<br>C)quantity
Q15: Adam Smith, the father of modern economic
Q16: Which of the following is an example
Q17: Knowledge used to combine resources productively is
Q18: Decisions made in households, firms, and government